The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-07-17
Rush Or FALL BUSINESS.
RAILROADS ORDERING LoCOnO
rlyES AND fRRIHHC CARS.
Heav3 Demands Bringing Consum.
ers Into Market-Trade Brisk
In all Channels.

PHILADELPHIA, Pa, July 16.-
An immense rush Of fall business is
now in sight. During the past six
days manufacturing establishments
throughout the New England and
Middle States have received large
orders for oil kinds Ct products.
The railroad companies and elevated
railroad companies have placed or
ders for upward Of 200 locomotives
tince July LIST. Nearly all the rail
road companies are ordering freight
cars, maby Of them coal cars, not a
few OF them passenger cars, and
many Of them are in the market for
small supplies Of steel rails and rail
way supplies Of various kinds. The
manufacturing interests, large and
small, have within short time be-
gun to order mater al for future re-
quirements. The heavy demands
that are coming in are bringing con-
sumers into the market for all kinds
ofraw materials.
The iron and steel makers are very
busy preparing for what promises to
be most active season. During the
past ten days mills have been idle for
repairs. The blast furnace output
] is now l05 900 tons per week, or IS, 700
tons per week less than during the
coke strike. The output for the FIRST
six months OF the year was little
over 10000 tons. The output for
the last half of the year will be about
100000 tons. The output of the
steel rails Of the country will be in
the neiehborhood Of 100000 tons.
The rush OF orders will be heavy for
crude iron, bars, plates, sheet iron
and bridge iron. The bridge mills
are sold up for three months to come.
Iron and steel are hardening in price.
Bar iron is averaging 2 cents per ton.
Nails ~ to $2l5 per key. The
heavy production Of mills and fur
naces will be absorbed all through
the year.
The lumber trade has been quiet.
ly gaining strength throughout the
Mississippi Valley and along the
Atlantic Coast. Prices have moved
up little in Chicago. Stocks OF
yellow and white pine alang the
Atlantic coast are heavy. H,mlock
is scarce for dry stuff. Laths and
shingles are abundant aud low.
Sash, door and planning mill supplies
are in heavy sock.
The commercial and financial con-
dition Of the country is in very good
shape. Railroad traffic is heavy. The
bank cleariDgs for the first half of
the year are As t25 10 t23 TO the first
half Of last year, and s18 for the FIRST
half Of 1885. Throughout the West
the greatest activity is observable.
The development Of railroad traffic
consequent upon the extension OF
lines throughout new territory is
stimulating manufacturing enter
prise throughout the East. There
is an abundance OF money 10 bank
ing circles, and abundance of freight
among railroad and shipping inter.
ests. and an abundance Of orders
among manufacturers OF all kinds.
The coal trade has suddenly de.
veloped into unexpected activity.
The anthracite output is now 700.
900 tons ahead OF the production OF
this time last year. The increase Of
bituminous production on the At
lsntic coast is about loo, 900 tons.
Throughout the West there is also a
slight increase. la the South coal
development is being pushed rapidly
70 meet an increasing aud manufsc-
turing demand.
Trade throughout New England in
boots aud shoes, electric llght aud
steam muslin machinery aud 10 cot.
ton aud mixed goods is very active.
Very few buyers are going far beyond
their needs for the next sixty DAYS.
Ia New York business has not 10.
creased much, but there Is q general
stir among wholesale houses.
All manufacturing concerns expect
that there will be heavy aud re-
muneratiye fall trade. In Chicago
there is increased activity in all
branches Of trade. Throughout the
South and manufacturing centers OF
the West there ale quite favorable
prospects. The makers OF agricul-
turai implements have had a good
season. The generally favorable
crop conditions are encouraging re.
tailers and iobbers to stock up liber.
ally. 10 Kansas City activity is
promised in all staple products. In
New Orleans there are prospects Of
an advance Ia cotton, sugar and
rice. In breadstuffs the visible sup.
ply OF the country is below the aver.
age and exports OF wheat aud -four is
100000 bushels per week.
There is an active demand for
labor 10 all crafts aud 10 all sections
OF the country. Wages have been
advanced about 10 cents since about
January LIST. There has not been a
corresponding advance in the price
OF pro Margins are conse-
quently smaller. but this fact has not
DISCOURAGED the expansion OF mapu.
featuring capacity. Manufacturers
o. all kinds, II not actually engaged
in increasing their facilities, are con-
N'hfhaAihh NJ AhNlNaFt NflOIt NNt
coming winter. The prevailing idea
is TO SOC what the fall trade develops
with the hope that the demand will
be sufficiently strong 10 strengthen
prices. II this IL the result there
will be a general increase in produc.
ing power. The increase has rlready
taken place in machine shops, rail.
road shops aud in iron aud steel
mills. There is also good deal Of
money being expended in smaller
shops.
Textile manufacturers complain Of
tho damage done by the imported
goods. There seems 10 be no pros.
pect Of checking their business.
Nearly all the Western railroad
com psnics are building machine
shops 10 make cars aud railway sup.
plies. The Missouri Pacific Com.
pany are buildiag a shop that will
cost 100000. Another car.whoel
shop is being put mp in Missouri that
will turn out 100 per week.